Government to sell up to 4.83% stake in Mazagon Dock Shipbuilders
04-Apr-2025
The government is planning to sell up to 4.83% stake in Mazagon Dock Shipbuilders at a floor price of Rs 2,525 per share. The government is selling 1.14 crore equity shares, with a greenshoe option to sell additional 80.67 lakh shares.
Offer for Sale is open for institutional investors on April 4. Retail buyers can put in bids on April 7.
Mazagon Dock Shipbuilders is the India's leading defence public sector undertaking shipyard under the Ministry of Defence.
Updates on Notice of Offer for Sale by Promoter
04-Apr-2025
With reference to the earlier announcement dated April 03, 2025 regarding Notice of Offer for sale of shares by Promoter, The President of India, acting through and represented by the Ministry of Defence, Government of India, the promoter of Mazagon Dock Shipbuilders Ltd (the "Promoter" and the "Seller") has now informed BSE as under : "We refer to the Notice dated April 03, 2025 ("Notice") sent by the Seller to the Stock Exchanges wherein, the President of India, acting through the Ministry of Defence, Government of India (the "Seller"), being the promoter of the Company (the "Seller") proposed to sell up to 1,14,10,366 Equity Shares of the Company, (representing 2.83% of the total paid up equity share capital of the Company) ("Base Offer Size"), on April 4, 2025, ("T day") (for non-Retail Investors only) and on April 7, 2025 ("T+1 day") (for Retail Investors, Employees and for non-Retail Investors who choose to carry forward their un-allotted bids from T day) with an option to additionally sell 80,67,600 Equity Shares (representing 2.00% of the total issued and paid up equity share capital of the Company) (the "Oversubscription Option"), and in the event that the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will represent 4.83% of the total paid-up Equity Share capital of the Company and will collectively be referred to as the "Offer Shares" while in the event that such Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will be referred to as "Offer Shares") , through the separate designated window of BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE" and together with BSE, the "Stock Exchanges") and such offer hereinafter referred as the "Offer"). In this connection, we wish to exercise the Oversubscription Option to the extent of 47,69,988 Equity Shares (representing 1.18% of the total paid-up equity share capital of the Company) in addition to 1,14,10,366 Equity Shares of the Company, (representing 2.83% of the total paid-up equity share capital of the Company) forming part of the Base Offer Size. Accordingly, the total Offer Size will be up to 1,61,80,354 Equity Shares (representing 4.01% of the total paid up equity share capital of the Company) of which 16,18,036 i.e. 10% of the Offer, would be available for Retail Category on T+1 day, i.e. April 7, 2025, subject to receipt of valid bids, as part of the Offer. Additionally, 50,000 Equity Shares will also be offered to the Employees. All capitalised terms not defined in this intimation letter shall have the same meanings as ascribed to them in the Notice".
Notice of Offer for Sale of Shares by Promoter & Floor Price
03-Apr-2025
The President of India, acting through and represented by the Ministry of Defence, Government of India, is the promoter of Mazagon Dock Shipbuilders Ltd (the "Promoter" and the "Seller") proposes to sell up to 1,14,10,366 Equity Shares of the Company, (representing 2.83% of the total paid up equity share capital of the Company) ("Base Offer Size"), on April 4, 2025, ("T day") (for non-Retail Investors only) and on April 7, 2025 ("T+1 day") (for Retail Investors, Employees and for non-Retail Investors who choose to carry forward their un-allotted bids from T day) with an option to additionally sell 80,67,600 Equity Shares (representing 2% of the total issued and paid up equity share capital of the Company) (the "Oversubscription Option") through a separate designated window of the Stock Exchanges, collectively representing 4.83% of the total issued and paid up equity share capital of the Company (held in dematerialized form in one or more demat accounts with the relevant depository participant), in accordance with the OFS Guidelines (such offer for sale hereinafter referred to as the "Offer"). In the event that the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will collectively, hereinafter be referred to as "Offer Shares" while in the event that such Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will be referred to as "Offer Shares". Additionally, 50,000 Equity Shares of the Company (equivalent to 0.26% of the Offer Shares) may be offered to eligible employees of the Company, in accordance with the terms and conditions provided in the OFS Guidelines, subject to approval from the competent authority (the "Employee Offer"). The eligible employees may apply for Equity Shares amounting up to Rs. 500.000. The Offer shall be undertaken exclusively through the Seller's Brokers named below on a separate window provided by the Stock Exchanges for this purpose. Date and time of the opening and closing of the offer : The Offer shall take place over two trading days on a separate window of the Stock Exchanges on April 4, 2025 ("T" day) and April 7, 2025 ("T+1" day), commencing from 9:15 a.m. and shall close on the same date at 3:30 p.m. (Indian Standard Time) on both days, as per details given below. 1. For non-Retail Investors (defined below ) Only non-Retail Investors shall be allowed to place their bids on T day, i.e., April 4, 2025. While placing their bids, non-Retail Investors may indicate their willingness to carry forward their un-allotted bids to T+1 day for allocation to them in the unsubscribed portion of Retail Category (defined below). The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T day, i.e.. April 4, 2025 commencing at 9:15 a.m. and shall close at 3:30 p.m. Indian Standard Time on the same date. Those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their un-allotted bids to T+1 day, shall be allowed to carry forward and also revise their bids on T+1 day as per the OFS Guidelines. 2. For Retail Investors (defined below), Employees and for non-Retail Investors who choose to carry forward their un-allotted bids to T+1 Day The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 day, i.e., April 7, 2025 commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time on the same date. Only Retail Investors (defined below) and employees shall be allowed to place their bids on T+1 day, i.e., April 7, 2025. Further, those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their unallotted bids to T+1 day, shall be allowed to revise their bids on T+1 day as per the OFS Guidelines. Floor Price : The floor price for the Offer shall be Rs. 2,525 (Rupees Two Thousand Five Hundred Twenty-Five Only) per Equity Share ("Floor Price").
Mazagon Dock Shipbuilders inks MoU with State Disaster Management Authority, Goa
21-Mar-2025
Mazagon Dock Shipbuilders has signed a Memorandum of Understanding (MoU) with the State Disaster Management Authority, Goa for an ‘Al-based Wireless Disaster Detection, Rescue & Communication System’ on March 20, 2025. The aim is to enhance Disaster Management and Public Safety in Goa.
Mazagon Dock Shipbuilders is the India's leading defence public sector undertaking shipyard under the Ministry of Defence.
Mazagon Dock Shipbuilders informs about disclosure
21-Mar-2025
Mazagon Dock Shipbuilders has informed that MDL has signed an MOU with the State Disaster Management Authority, Goa for an ‘Al-based Wireless Disaster Detection, Rescue & Communication System on 20 March 2025. The aim is to enhance Disaster Management and Public Safety in Goa.
The above information is a part of company’s filings submitted to BSE.
Mazagon Dock Shipbuilders informs about clarification
11-Feb-2025
Mazagon Dock Shipbuilders has informed that in reference to the news items circulating in the mainstream media regarding the 3 additional submarines of Scorpene class under the Project 75. As earlier informed, the project is under process at Ministry of Defence (MeD). The company is yet to receive any final communication in this regard.
The above information is a part of company’s filings submitted to BSE.
Mazagon Dock Shipbuilders gains on reporting 29% rise in Q3 consolidated net profit
10-Feb-2025
Mazagon Dock Shipbuilders is currently trading at Rs. 2238.00, up by 6.15 points or 0.28% from its previous closing of Rs. 2231.85 on the BSE.
The scrip opened at Rs. 2251.00 and has touched a high and low of Rs. 2438.00 and Rs. 2211.10 respectively. So far 834718 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2929.98 on 05-Jul-2024 and a 52 week low of Rs. 898.55 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 2438.00 and Rs. 2170.00 respectively. The current market cap of the company is Rs. 92583.78 crore.
The promoters holding in the company stood at 84.83%, while Institutions and Non-Institutions held 3.01% and 12.16% respectively.
Mazagon Dock Shipbuilders has reported 29.87% rise in net profit at Rs 768.22 crore for Q3FY25 as compared to Rs 591.54 crore for the same quarter in the previous year. Total income of the company increased by 30.37% at Rs 3430.06 crore for Q3FY25 as compared to Rs 2631.08 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 28.76% rise in its net profit at Rs 807.04 crore for the quarter ended December 31, 2024 as compared to Rs 626.78 crore for the same quarter in the previous year. Total income of the company increased by 30.37% at Rs 3430.06 crore for Q3FY25 as compared to Rs 2631.08 crore for the corresponding quarter previous year.
Mazagon Dock Shipbuilders reports 29% rise in Q3 consolidated net profit
07-Feb-2025
Mazagon Dock Shipbuilders has reported results for third quarter ended December 31, 2024 (Q3FY25)
The company has reported 29.87% rise in net profit at Rs 768.22 crore for Q3FY25 as compared to Rs 591.54 crore for the same quarter in the previous year. Total income of the company increased by 30.37% at Rs 3430.06 crore for Q3FY25 as compared to Rs 2631.08 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 28.76% rise in its net profit at Rs 807.04 crore for the quarter ended December 31, 2024 as compared to Rs 626.78 crore for the same quarter in the previous year. Total income of the company increased by 30.37% at Rs 3430.06 crore for Q3FY25 as compared to Rs 2631.08 crore for the corresponding quarter previous year.
Clarification On News Item Appearing In "Media/ Publication"
23-Jan-2025
The Exchange has sought clarification from Mazagon Dock Shipbuilders Ltd on January 23, 2025, with reference to news appeared in https://www.cnbctv18.com/ datedJanuary 23, 2025 quoting "Mazagon Dock may qualify for 70,000 crore submarine project" The reply is awaited.
Clarification sought from Mazagon Dock Shipbuilders Ltd
23-Jan-2025
The Exchange has sought clarification from Mazagon Dock Shipbuilders Ltd on January 23, 2025, with reference to news appeared in https://www.cnbctv18.com/ datedJanuary 23, 2025 quoting "Mazagon Dock may qualify for 70,000 crore submarine project" The reply is awaited.
Mazagon Dock Shipbuilders delivers Sixth Scorpene Submarine to Indian Navy
10-Jan-2025
Mazagon Dock Shipbuilders (MDL) has delivered the SixthScorpene Submarine ‘Vaghsheer’ of Project P-75 on January 09, 2025 to theIndian Navy, subsequently to be commissioned into Indian Navy as INS Vaghsheer.
Vaghsheer was launched on April 20, 2022 and has undergone aseries of comprehensive and rigorous set of tests and trials, for more than ayear, to ensure delivery of a fully Combat Worthy Submarine, capable ofoperation in all modes and regimes of deployment.
The state-of-the-art technology utilized in the Scorpene hasensured superior stealth features (such as advanced acoustic absorptiontechniques, low radiated noised levels, hydrodynamically optimized shape etc.)and the ability to launch a crippling attack on the enemy using precisionguided weapons.
Mazagon Dock Shipbuilders is the India's leading defencepublic sector undertaking shipyard under the Ministry of Defence.
Mazagon Dock bags Rs 1,990 crore contract from MoD
31-Dec-2024
Mazagon Dock Shipbuilders has bagged Rs 1,990 crore contract from Ministry of Defence (MoD) for construction of Air Independent Propulsion (AIP) Plug for DRDO-AIP system & its integration to enhance endurance of conventional submarines.
The AIP technology is being indigenously developed by DRDO. The project pertaining to construction of AIP-Plug and its integration will enhance the endurance of conventional submarines and significantly contribute towards the ‘Aatmanirbhar Bharat’ initiative.
Mazagon Dock Shipbuilders is the India's leading defence public sector undertaking shipyard under the Ministry of Defence.
